Quest Partners LLC Buys Shares of 51,948 TFS Financial Co. (NASDAQ:TFSL)

Quest Partners LLC purchased a new position in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,948 shares of the bank's stock, valued at approximately $668,000.

Several other institutional investors also recently added to or reduced their stakes in TFSL. Dimensional Fund Advisors LP increased its stake in TFS Financial by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank's stock valued at $31,258,000 after purchasing an additional 122,562 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in TFS Financial in the 2nd quarter valued at about $915,000. GSA Capital Partners LLP purchased a new stake in TFS Financial during the 3rd quarter valued at approximately $619,000. Frank Rimerman Advisors LLC acquired a new stake in TFS Financial during the 2nd quarter worth approximately $387,000. Finally, Panagora Asset Management Inc. lifted its position in TFS Financial by 43.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank's stock worth $1,192,000 after acquiring an additional 28,497 shares during the period. Institutional investors and hedge funds own 9.81% of the company's stock.

Insiders Place Their Bets

In other news, CEO Marc A. Stefanski sold 20,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the sale, the chief executive officer now directly owns 37,150 shares in the company, valued at approximately $476,263. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Piper Sandler restated a "neutral" rating and set a $15.00 price target on shares of TFS Financial in a research note on Friday.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL traded up $0.14 during midday trading on Friday, hitting $14.52. The stock had a trading volume of 243,484 shares, compared to its average volume of 308,990. TFS Financial Co. has a 1 year low of $11.70 and a 1 year high of $15.25. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The stock has a 50 day moving average price of $13.25 and a two-hundred day moving average price of $13.10. The company has a market capitalization of $4.08 billion, a PE ratio of 53.78 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $194.94 million for the quarter. TFS Financial had a return on equity of 4.20% and a net margin of 10.49%. During the same period in the prior year, the firm posted $0.07 EPS.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Tuesday, December 3rd. TFS Financial's dividend payout ratio is presently 418.53%.

TFS Financial Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.